April 28, 2020
Monday, April 27
th saw the front-month NYMEX Natural Gas Futures Contract open at $1.618, thirteen cents below Friday’s closing price of $1.746. Trailing downward to a ten-day intraday low of $1.597 by 9:40AM, markets then reversed direction and rose confidently into the morning. Reaching $1.650 by 10:00AM and ascending to $1.735 by midday, the contract erased Friday’s losses as volatility persists. Tallying an intraday high of $1.825 at 1:00PM, May closed higher on Monday at $1.819. The more actively traded June contract, set to take the prompt month position come Wednesday morning, posted similar gains to close higher at $1.916.
As of 7:10AM EST this morning in Globex, WTI Crude was down $1.34; Natural Gas was down three cents; Heating Oil was up slightly; and Gasoline was up two cents.
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